Alright, folks. Here's a question that’s been rattling around my mind: Where can I bet on cryptocurrency market movements?
I've been actively trading cryptos for years now, and I'm always analyzing the patterns, trying to stay ahead of the market. But lately, I've been wondering if there’s a way to actually bet on short-term market movements rather than just holding or trading through exchanges.
I know there are prediction markets like Polymarket and Augur, where people can place bets on various real-world events, including financial trends. But they seem more geared toward broader topics than pure crypto market speculation.
Then there are the usual suspects like BitMEX and Deribit, but those are basically just leveraged trading platforms – I’m talking more about actual betting sites that allow you to wager on whether BTC or ETH will go up or down over a specific period, not just trading it.
Anyone here tried Betting Exchanges or crypto-specific sportsbooks that offer these kinds of bets? Are there any reliable sites or apps you’d recommend? And most importantly, how’s the payout process?
I’m also curious if there are decentralized betting platforms doing this because, frankly, I don’t entirely trust some of the centralized exchanges. Would appreciate any pointers, guys. Thanks in advance!
I've been actively trading cryptos for years now, and I'm always analyzing the patterns, trying to stay ahead of the market. But lately, I've been wondering if there’s a way to actually bet on short-term market movements rather than just holding or trading through exchanges.
I know there are prediction markets like Polymarket and Augur, where people can place bets on various real-world events, including financial trends. But they seem more geared toward broader topics than pure crypto market speculation.
Then there are the usual suspects like BitMEX and Deribit, but those are basically just leveraged trading platforms – I’m talking more about actual betting sites that allow you to wager on whether BTC or ETH will go up or down over a specific period, not just trading it.
Anyone here tried Betting Exchanges or crypto-specific sportsbooks that offer these kinds of bets? Are there any reliable sites or apps you’d recommend? And most importantly, how’s the payout process?
I’m also curious if there are decentralized betting platforms doing this because, frankly, I don’t entirely trust some of the centralized exchanges. Would appreciate any pointers, guys. Thanks in advance!